GE Aerospace To Rally Around 26%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several companies, including Transocean, Wolfspeed, Academy Sports and Outdoors, Lockheed Martin, Boeing, CME Group, GE Aerospace, On Holding, CoreCard, and New Fortress Energy. Notable changes include Deutsche Bank raising GE Aerospace's price target and maintaining a Buy rating, while Mizuho downgraded Wolfspeed to Underperform.
October 03, 2024 | 12:20 pm
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POSITIVE IMPACT
Deutsche Bank raised GE Aerospace's price target from $212 to $235, maintaining a Buy rating. The stock gained 0.1% to close at $186.44.
The increased price target and maintained Buy rating indicate a strong positive outlook, likely leading to a short-term price increase.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
Deutsche Bank raised Lockheed Martin's price target from $600 to $620, maintaining a Buy rating. The stock fell 0.4% to $603.20.
The increased price target and maintained Buy rating suggest a positive outlook, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Piper Sandler raised On Holding's price target from $52 to $56, maintaining an Overweight rating. The stock fell 0.3% to $49.21.
The increased price target and maintained Overweight rating suggest a positive outlook, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley raised Transocean's price target from $5 to $6, maintaining an Equal-Weight rating. The stock closed at $4.33, down 1.4%.
The increase in price target suggests a positive outlook, which could lead to a short-term price increase despite the recent decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
B of A Securities raised CME Group's price target from $177 to $180, maintaining an Underperform rating. The stock fell 0.8% to $223.57.
The slight increase in price target with an Underperform rating suggests a neutral outlook, likely leading to stable short-term prices.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Evercore ISI Group cut Academy Sports and Outdoors' price target from $65 to $60, downgrading the stock to In-Line. The stock fell 1.3% to $55.56.
The downgrade and reduced price target suggest a less favorable outlook, likely leading to a short-term price decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Deutsche Bank slashed Boeing's price target from $225 to $195, maintaining a Buy rating. The stock fell 0.9% to $152.89.
The significant reduction in price target suggests a negative outlook, likely leading to a short-term price decline despite the Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
B. Riley Securities cut CoreCard's price target from $19 to $15, downgrading the rating to Neutral. The stock fell 4.6% to $13.89.
The downgrade and reduced price target indicate a negative outlook, likely leading to a continued short-term price decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Morgan Stanley cut New Fortress Energy's price target from $35 to $15, downgrading the stock to Equal-Weight. The stock fell 7.6% to $8.94.
The downgrade and significant reduction in price target suggest a negative outlook, likely leading to further short-term price decline.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Mizuho lowered Wolfspeed's price target from $17 to $8 and downgraded the stock to Underperform. The stock gained 2.9% to close at $9.15.
The downgrade and significant reduction in price target indicate a negative outlook, likely leading to a short-term price decline.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90